BRICS Currency: 40% Could Be Tied to Gold, 60% in Local Currencies Will BRICS’ gold-backed currency dethrone the dollar and throw the West into financial chaos? This is what happens when 40% of a currency is backed by gold and 60% by local currencies come face to face with dollars backed by nothing.

It can send the US dollar crashing overnight. So, is this the beginning of the end for the dollar; are we witnessing its downfall in real-time? Could the US economy survive if BRICS nations stop using the dollar, or are we on the brink of collapse?